Since Oklahoma’s online system went live Saturday, the state already has received roughly 800 medical cannabis business applications to enter the potential $100 million-plus market.
According to state officials, as of Monday morning the following number of applications for licenses had been submitted:
- 389 growers
- 118 processors
- 288 dispensaries
The initiative called for applications to be available by July 26 and for the state to start accepting them Aug. 26.
The state hasn’t missed a beat on those deadlines, despite a swirl of controversy and back-and-forth on emergency rules that would govern what experts say is an environment primed for good business opportunities for MJ entrepreneurs.
Oklahoma collected $1.5 million in application fees on Saturday alone, according to health department spokesman Tony Sellars.
– Associated Press and Marijuana Business Daily